Citrini: The market is underestimating Qualcomm's long-term potential in the AI infrastructure market.

```htmlGolden Ten Data July 25｜Research institution Citrini Research believes that Wall Street may underestimate Qualcomm's long-term potential in the AI infrastructure market. The institution points out that Qualcomm is actively deploying AI data centers, and with its new High Bandwidth Compute (HBC) architecture, strategic acquisitions, and support from large cloud clients, it is poised to become an important competitor in AI infrastructure. Citrini notes that the market is currently overly focused on Qualcomm's short-term financial performance, while what truly deserves attention is the long-term development in 2028-2029. Although Qualcomm's AI data center business is still in its early stages and the AI200 system has only started rolling out this year, large-scale deployments by Hyperscalers are expected to occur in the latter half of this decade. However, the semiconductor industry always reflects profitability over the coming years, not just the next quarter's financial report, so 2028-2029 should be the focus for evaluation.```